Le April 2024 pensions they will be credited to bank and postal current accounts on Tuesday 2nd, immediately after Easter Monday. Even those who prefer to collect their pension at post office counters will be able to do so from the same day. Furthermore, this month the new personal income tax rates, valid for the whole of 2024 and in force since last month. The pension is in fact calculated with an Irpef of 23% if the annual income is up to 28 thousand euros, 35% above 28 thousand and up to 50 thousand euros, 43% if above 50 thousand. In addition to the monthly income tax, the regional and municipal additions relating to 2023 are deducted from the April installment. Note that there are benefits exempt from tax withholdings.
Will April 2024 pensions be higher or lower?
In the April 2024 payslip, there will be no surprises for many pensioners. But be careful: those who have already received the increases provided by INPS reform in March, you may notice a slight decrease compared to the previous month. The backlog up until February they have already been paid together with the increase; therefore, in April they will no longer be paid. However, those who have not yet seen the increase will find it on their April payslip, together with the arrears from the beginning of the year.
So, pensions in April Will they be higher or lower? It depends on each retiree's individual tax situation and any changes in tax rates, withholdings and other retirement-related factors. It is advisable to consult your pension slip or contact INPS directly for specific information on your situation.
Tax withholdings
With regard to withheld tax, explains one INPS circular, at the end of 2023 a final recalculation of the tax withholdings applied during the same tax year was carried out. This includes Irpef and regional and municipal surtaxes, based on the total amount of pension benefits provided by INPS.
If less than what was due in tax terms was paid during the year, INPS recovered the difference with the installments of January and February 2024. The debt was also withheld up to the total capacity of the amount of the pension installment being paid .
If the pension installments for January and February 2024 are found to be insufficient for the total recovery, the withholdings will continue on the subsequent monthly installments until the extinction of the debt. However, if the debt has been paid off or reduced, the net pension amount in April could be higher.
For pensioners with a total annual amount of pension payments of up to 18 thousand euros, for which the recalculation of tax withholdings has resulted in a debt exceeding 100 euros, the installment will be extended until the month of November. This is governed by article 38, paragraph 7, of legislative decree 78/2010, converted with amendments into law 122/2010.
Additional regional and municipal
In addition to the monthly income tax, taxes will be deducted from the April installment regional surcharges e municipal relating to 2023.
The regional and municipal surcharges are recovered in 11 installments, from January to November of the year following the reference year.
Tax-exempt services
It is important to note that civil disability benefits, pensions or social allowances, and other benefits not subject to taxation for specific reasons (such as tax relief for foreign residence or for victims of terrorism) they will not suffer tax withholdings.
Finally, the adjusted sums will be certified in the Unique Certification 2024, a document that reports all the sums received and tax withholdings relating to the reference year.
